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Budget import duty cut will boost gold jewellery retailers' revenues by 22-25% this fiscal, notes CRISIL report

The organised jewellery sector, which accounts for just over a third of the overall market, is pois…

ANI   


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P N Gadgil Jewellers' Rs 1,100-cr IPO to open on Sep 10

The Maharashtra-based company's IPO is a combination of a fresh issue of equity shares worth up to …

PTI   


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3 mins read

Domestic gold prices surge 10% amid global price rally, central bank buying: World Gold Council

The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the…

ANI   


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1 min read

Blackstone-owned International Gemmological Institute files for Rs 4,000-cr IPO

IGI is the world's second largest independent certification and accreditation services provider bas…

PTI   


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Gem, jewellery exports drop 21.9% to $1.67 billion in July

"The exports are mainly affected due to decline in demand following geopolitical disturbance in…

PTI   


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Consumer staples volume will grow in the coming quarters, notes Motilal Oswal report

A marked growth is visible in the consumer staple segment, and the trajectory in volume improvement…

ANI   


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Gold imports dip 4.23% to $12.64 billion in Apr-July 2024

In April, the imports jumped to $ 3.11 billion from one billion in April 2023. According to a jewel…

PTI   


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Stock market today: Nifty, Sensex register muted gains on market opening today

Hindalco, HCL Tech, Mahindra and Mahindra, Coal India, and BPCL took the lead in early trade, while…

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India's gems, jewellery exports dip 13.44% in June to Rs 15,939.77 cr: GJEPC

The total gems and jewellery exports stood at Rs 18,413.88 crore (USD 2,240.77 million) during June…

PTI   


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Global gold demand drops 6% in Q2 2024 due to slump in jewelry consumption, OTC investment pushes the total to record high

The record-high gold prices took a significant toll on jewelry consumption. Volumes fell 19% YoY to…

ANI   


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3 mins read

India's gold demand dips 5% to 149.7 tonnes in June quarter on high prices: WGC

However, in value terms, gold demand increased 17 per cent during the second quarter at Rs 93,8…

PTI   


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3 mins read

Gold prices drop by Rs 5,000/10gm post Budget; bring cheers to retail investors

After the duty cut, the yellow metal has declined Rs 5,000 per 10 grams or 7.1% in the past three s…

PTI   


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India imposes restrictions on certain studded gold jewellery imports

The central government has imposed restrictions on the import of certain gold-studded jewellery and…

ANI   


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US woman duped out of ₹6 crore by Jaipur jewellers with fake jewellery

A jeweller and his son in Jaipur have been accused of duping a US woman out of Rs 6 crore by sellin…

ANI   


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Income Tax Department seizes record ₹1,100 crore cash and jewellery in Lok Sabha elections 2024

As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore w…

ANI   


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Public sector banks asked to reassess gold loan process amid debt risk concerns

The Ministry of Finance has written to public sector banks to reassess their gold loan procedures a…

ANI   


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Jewellery consumption to grow by 10-12 pc value-wise in FY24 amid rise in gold prices: Report

Jewellery consumption, in terms of value, is expected to grow by 10-12 per cent in this financial y…

PTI   


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Gold prices likely to reach around Rs 70,000 per 10 grams in 2024, says industry body

Global economic uncertainties and geopolitical tensions are likely to take gold prices to a new hig…

PTI   


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3 mins read

Gold rush: Don’t recycle or book profits yet, another bull-run on the way say analysts

India is sitting on physical gold holdings which are estimated anywhere between 25,000 to 27000 ton…

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1 min read

Sectors like jewellery, apparel, hotels, aviation to gain traction with the onset of wedding season

With the onset of wedding season, sectors like jewellery, apparel, hotels, aviation and other relat…